Blue Trust Inc. Has $559,000 Position in InterContinental Hotels Group PLC (NYSE:IHG)

Blue Trust Inc. lifted its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 20.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,471 shares of the company’s stock after acquiring an additional 763 shares during the quarter. Blue Trust Inc.’s holdings in InterContinental Hotels Group were worth $559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IHG. Assetmark Inc. raised its holdings in InterContinental Hotels Group by 130.9% during the 3rd quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after purchasing an additional 436 shares during the last quarter. Transamerica Financial Advisors Inc. raised its stake in InterContinental Hotels Group by 100,100.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock worth $111,000 after buying an additional 1,001 shares during the last quarter. GAMMA Investing LLC lifted its holdings in InterContinental Hotels Group by 40.7% in the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the company’s stock valued at $182,000 after buying an additional 422 shares during the period. Allspring Global Investments Holdings LLC boosted its position in InterContinental Hotels Group by 22.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,807 shares of the company’s stock valued at $200,000 after acquiring an additional 330 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new stake in InterContinental Hotels Group during the 3rd quarter worth about $213,000. 15.09% of the stock is owned by institutional investors and hedge funds.

InterContinental Hotels Group Stock Performance

IHG stock opened at $135.44 on Friday. The stock’s 50 day simple moving average is $126.81 and its 200 day simple moving average is $113.98. The company has a market cap of $21.46 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.60 and a beta of 1.32. InterContinental Hotels Group PLC has a fifty-two week low of $91.57 and a fifty-two week high of $136.58.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IHG. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley cut InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Finally, Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, InterContinental Hotels Group has an average rating of “Hold”.

InterContinental Hotels Group Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.